.
MergerLinks Header Logo

New Deal


Announced

GE Current to acquire the commercial and industrial lighting business from Hubbell for $350m.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Majority

Pending

Single Bidder

Acquisition

Friendly

lighting company

Domestic

Private

Electronic Equipment: Other

Synopsis

Edit

GE Current, a provider of digital sensors and software, agreed to acquire the commercial and industrial lighting business from Hubbell, a manufacturer of electrical and electronic products, for $350m. "Today’s announcement is a win for the industry, combining two leading companies with over 150 years of innovation. We intend to use our combined resources to drive new investments that create solutions for the continuously evolving needs of our customers. The values and customer-centric culture of the Hubbell C&I lighting business are well aligned with Current. We look forward to welcoming the Hubbell C&I team," Manish Bhandari, GE Current CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US